Topic: Buy the DIP, and HODL! - page 149. (Read 109337 times)

You speak from a Trading Technical approach, using an indicator to approach a volatile market like Bitcoin. Guess, you know indicators for lag and shouldn't be the only confluence for action as well as newbies Coming to this thread to learn might get confused and then to leave the path of DCAing, having an emergency funds, and long term view of the market as approaching bitcoin from your view as a Tradable coin is wrong rather than a Valuable Asset.

Using the word Everything is misleading,  the market is unpredictable so I don't encourage rather everyone stick to there plan and approach with caution to avoid regret.

And that's isn't the way Mate, you talk from the perspective of short term gain, that shouldn't be the motive of any investor, we must understand bitcoin price volatility, within last month and this month we have seen how price Dip and pump, that explains better that buying or accumulating you should have a set plans with a long term view from 4-10 years which isn't guaranteed wether or not you're in profit but sure you would have determined how your portfolio is by then.  Bitcoin have proven itself, no need to fret as for now we still act withing the resistance level of the ATH formed.

I know that it might be hard for some people to control their emotions when they have invested in bitcoin when the price dips or pump, and they rush to sell which means that they are weak hands. This is why it is adviced that you should only use the amount of money that you can afford to lose, in the sense that even though bitcoin is crashing that investor would not be worried, because he can avoid to let go of such amount.

It also boils down to having a long term goal to reduce the risk in bitcoin volatile nature, and stay focus on that with your body and soul, so that no matter what happens, you don't sell until when you have reached the prepared time after along period of time. Also this is why one is advised to use DCA strategy to invest in bitcoin so that with your discretionary income in order to be able to overcome any tension of selling at loss. Long term investors and hodlers don't panic when the market dips, because they see it as a norm. Short term investors see price dip as a threat to their lives and money.

The facts remain that any investor with the objective of long time holding don't panic when there is a dip just as it occurred in few days ago but see it as great opportunity to accumulates as much as he/she can because after bull run may find it difficult to accumulate as per what the dip can offer.

 One investor after see the drop was so worried as how the market is going down that his emotion can't hold , because of our individual difference I see that what make most person not to practice long term holding is not just because of emergency fund but emotion when ever the market is experiencing a dip many feel they can run into loss as the BTC is volatile and rush to sell off their BTC , my advice is we should build up our emotion though is not possible to take away emotional feeling on investment but one can control it by believing on what you are into and stand to the end.

If the goal is still the same as the target of buying on Dip and holding for the long term, I don't think anyone needs to spend any more time doing research related to marketing. Because the only weakness when we see the Dip price is when we don't have much money to buy, even though our desire to buy is very big when we see the price has started to Dip.

And now the price of Bitcoin has recovered and is heading towards $65K so that people who did not hesitate to buy Bitcoin when it was below $60K have once again experienced victory due to the surge in Bitcoin prices which started to occur again at the beginning of this month. This can be a valuable example for everyone that price corrections only occur briefly, but the next price increase in Bitcoin is always more likely to occur in the near future.

FTX CEO obviously scam a lot of people and CZ case is somehow maybe part of the way how government want to control those business running under on cryptocurrency industry and his sentence is so small and he can get out on cell in 4 months. Then from that maybe he can get back on business and for sure he would be more careful on every businesses he want to take. And glad this news didn't give so much bad effect on bitcoin since those people who want spread some bad news to test out if they can move the market out of a lot of peoples fear.


The situations happen on FTX should be a wake up call for other that they should not go with those shitcoins but rather they focus to invest on bitcoin since this is the only coin that can give them guarantee that they are safe from being rug pulled and have great chances to gain especially for people who always look after with this coin for long term.

At the end of the year we may not be satisfied with our holdings as the DCA strategy implies consistent short buying. In this case, you can buy a bit more than the series when you realize that its price has entered a bear cycle if you have a floating cash supply. Recommend you to do more research on these marketing strategies. Again after some time when the market rises in the bull cycle, continue with regular DCA and you can get the benefit of over-accumulation in earlier DIP and the average price will fall.

I agree with JJG that someone who invests in the long term targets it as an investment for their old age. On average, they choose a long period of time because they want to find profits that they will enjoy in their old age, which of course means there will be no pressure on their journey because they invest a small amount per week.

For me, the best position is to carry out a regular purchasing routine, which is probably one of the routines that they must maintain in their long-term investment journey.
Some people with large wealth of course accumulate large amounts, but there is no significant difference because in the equation, only the amount is different, but in planning, of course it is the same, namely investing in the long term.

I think someone will not be satisfied with their BTC holdings because if we already love BTC then we will continue to buy every week. An increase in the portfolio of the number of BTC which continues to increase with accumulation every week will make us more enthusiastic to continue doing it every week.

Of course, as you have experienced as someone who has been buying BTC for a long time and keeping it until now, you definitely have high enthusiasm to continue to increase the amount of BTC you have.

I have learned enough from my debates with JayJuanGee that buy the DIP, or DCA, is a matter of personal preference and to do what YOU are comfortable with. But the point of that post is, keep doing DCA if you want. BUT if there's a crash and an opportunity comes to buy the DIP near or below Bitcoin's 200-Weekly-SMA, then BUY THE DIP WITH EVERYTHING YOU COULD AFFORD.

CZ case and that of the FTX are not similar in any way. Moreover CZ already stepped down as the CEO of Binance. Even Binance is a major investor in bitcoin. Binance has a large amount in bitcoin. I don't think CZ case will have any effect on the company, because he is no longer running the company. He resigned immediately after his case of money laundering was made public and he never tempared with investors money. But just as you have rightly said, bitcoin should always be preferred over shitcoins. 

The common problem with most investors is that they put too much attention on the short-term rather than the long-term.
Setting your gaze on the long-term and having a disciplined investment often helps to ride out market fluctuations because the fluctuations only affects the short-term investors.
Having a longer timeline also leads to a much stronger position in the long run.
Most investors believe there's a best time to buy, but fail to understand that everytime is considered a best time, because even if one buys at a market top and then HODL over a longer period of time, it can help to average out the cost as well as increasing one's chances of profitability.

Through regular BUYING and HODLing for 4 years or more,  one can take advantage of the DCA strategy and reduce the impact of the short-term fluctuations. It's also very important to reassess ones strategy overtime as this usually helps to make necessary adjustments in one's approach and to make more informed decisions about one's investments.

Although, Investing in Bitcoin, just like every other investments is associated with lots of risk and do not guarantee success but at least, it'll be safer to know that a well thought out approach, patience, self discipline and persistence can help one to increase their chances of achieving one's long-term goals.

You're right that even with same strategy, people can still end up buying at different prices, leading to different costs per BTC purchased by each person. However the main point worth noting here is that, though timing the market isn't always the best approach but time in the market could actually still be a very notable factor in determining overall success.

Just as you've also pointed out, it's always better to focus and evaluate one's progress and make all the necessary adjustments in areas that's required, rather than comparing oneself to another person because it could actually turn out to be inexpedient and futile. Rather than comparing oneself to others, one could try making comparisons to their own previous positions as this could actually help to assess one's growth and also make all the necessary changes and adjustments for future growth.

Sure it is good to have a longer time line, and that was part of the reason that I outlined the examples to show that the longer that we invest, even if we might start out at a market top, we still might well end up still putting ourselves into a good position.. even though surely it is not guaranteed, but we can see how our BTC portfolio is growing over a timeframe in which we might continue to buy for 4 years or more and then perhaps reassess if we might need to make any changes to what we are doing or just keep buying regularly.


Even if an investor has the same strategy, he might end up buying bitcoin at a higher price and then a lower price, so even a guy that got into bitcoin earlier could end up having a higher cost per BTC than someone who came in later, but in the longer run, he still would end up having more BTC, so the time in the market may still end up being better, even if he ended up with a bit of a higher cost per BTC than someone who came in later.  At the same time, there is ONLY so much value in comparing to other people, but a guy could still compare to himself at time one or time 2, and surely I am not much of a proponent for waiting, even though I know that sometimes, there may need to be adjustments to how much is bought based on anticipations of price conditions, including being able to buy BTC as the price is going down, if that might end up being a guy's point of entrance into BTC.


Sure.  How much invested is part of the formula, and another part of the formula is how much BTC each of them has.

The first guy has 0.5386 BTC  and the second guy has 0.4489 BTC. and sometimes we still cannot change the facts and/or the prices in which we end up accumulating BTC, and there may well be cases in which we acquire a bunch of BTC, and then the price goes down, and then we see some later entrants who are able to buy more BTC than we have for lower prices.. so yeah, we cannot necessarily avoid some of those kinds of situations, and we just need to do our best in terms of building our own stack so we feel as if we are prepared the potential of UP and also for down too.


Yes.  A guy could have bought various BTC earlier and ended up with $10k invested and 10 BTC and an average cost per BTC of around $1k, and he could choose whether or not to keep investing or if he believes that he has met his BTC accumulation goal and whether he is in a position to change his BTC strategy to something else.  Holding BTC gives options, and it may not be a great idea for anyone to just start cashing out his BTC  in large amounts, so personally I believe that there are ways to sustainably withdraw bitcoin through either time based withdrawal strategies or raking strategies that involve selling as the price goes up (I talk about both of those kinds of strategies in my sustainable withdrawal thread), yet a person still needs to figure out how much of an income he might want to get from his BTC in order to conclude whether he has enough BTC to start to employ sustainable withdrawal or if he wants to keep accumulating for a while or if he might just want to wait for a while between accumulation and when he might start to employ some other kinds of practices.

I guest he doesn't know the time frame he should have use to describe how volatile bitcoin would be. Parhaps he just have a short sightedness on Bitcoin. and according to his explanation the discripancy is indirectly pointing on trading even though he didn't explain all what he meant.

@cityhunter34 When talking about Investment your goal should be focused or Chanelled on a long cited goal, not a mear change in price within 24hours. Bitcoin volatility is beyond few hours change in price. Your goal should be a long time plan of 4-10 years minimum and 20-30 years maximum. by then you may have reach your exit time. When you may have accumulated alot and may need less of accumulating rather taking out %10 of your investment. So don't focus on a short time. Always make sure you have a discretionary income that will help you way up, to keep you up to date by constantly buying weekly through DCA strategy. That will keep you out from selling your holdings or ripping off your investment premature. Because not having a discretionary income will slow your investment plan down, just like someone going to war without a weapon.

Checking From your analysis, I see a slight difference in price from the first and second. The first person who did his DCA at the beginning or early 2021 peak and late  october 2021 peak, there is a slight different. Showing that time intervals of investment really matters to every investor. If the investor who invested at the late october peak 2021 baught when the first  person baugh he could also have made him self alot of profit but now you can see there different clearly  $17500 and $13600. Those are two different figures. It is important to buy btc at early stage than allowing it to increase to an extent people become confused of not knowing when to buy expecially the confused investors. The more people buy BTC when it is low in price, the more we have accumulation power of having more bitcoin in our possession. which implies that in the future the amount you have will keep on multiplying in your portfolio. Let's say someone baught like 10 bitcoin when it was like $1k each at a total of $10k by now his rate of accumulating will reduce because he has taken advantage of Bitcoin low price. By now surely the person may be in harvest time depending on his time program of selling.

I doubt that we should be measuring our BTC investment in short time frames, and surely if we measure in 4 year or longer time frames, then we likely are going to be doing quite well, even right now.

Let me take a couple of shorter time frames and let's see where we might be, even if we started investing $100 per week in BTC at various high price points in 2021.

Example 1: Started buying $100 per week at the beginning of the year right before the first 2021 price peak.  We would have had invested $17,500, and we would have about 0.5386 BTC (currently worth about $33,833) (so nearly 100% in profits... or nearly doubled in value.


Example 2: Starting in October 2021 - right before the second peak in the BTC price. The guy buying $100 per week would have had invested $13,600, and we would have about 0.4489 BTC (currently worth about $28,218) (so a little more than 100% in profits... or more than doubled in value.

Those first two examples are not quite right, even thought the first guy has more BTC than the second one.. so usually the longer that you are buying BTC then the more likely you would be in higher levels of profits..

Let's try another example (Example 3) of a person who has been buying $100 per week for the last 4 years, so that would take us back to May 2020...  He would have had invested $20,900 and accumulated 0.8405 BTC (currently worth about $52,909) (so about 150% in profits...

Let's try another example (Example 4) of a person who has been buying $100 per week the last 7 years, so that would take us back to May 2017.. back before the 2017 run up...  He would have had invested $36,600 and accumulated 3.689 BTC (currently worth about $232,300) (so about 535% in profits...

So there is a kind of tendency that the longer that you invest, then the more likely you are going have created more options for yourself, as long as you mostly accumulate and protect your stash from getting taken from you... maybe privately storing it.


We can likely see it in our BTC portfolio with the passage of time, so no one would have to tell us; however, surely in the first 4 years or so, it might not be so clear regarding the amount of profits, so sometimes it can take a while to see that the bitcoin investment had given more options by investing into it as compared to not having had invested into it (or perhaps choosing to invest your money in other places).

Yeah I suppose you correct but many peeps fail to see the bigger picture which the is always uptrend of Bitcoin no matter the storms it has faced because as the records show 2010 till date even though there were bad times the price just continued to beat the previous no matter the circumstances around Bitcoin movement and that's why this upwards mentality needs to continually play out on our heads so that the will power to continue buying will always ring on.

Perfectly said @JayJuanGee because looking at the way Bitcoin price is moving I think is really good for one to Accumulate more Bitcoin in our portfolio because just as you have said earlier if we check since that time till today will would notice that you are right, because even as at yesterday Bitcoin price was $56 but just this night the price have increase to $63 and if we check it now any one who buy Bitcoin as at yesterday that the price was DIP you we see that the person have make huge profit today that price is up, so that's why is always necessary for us to accumulate more Bitcoin, and I still have strong feeling that Bitcoin will go more higher in the future.

It is not completely unpredictable. It has mostly been going up since 2010 (when it first got a price), and yeah there have been periods of down, but you will must consider that the trajectory has mostly been up, which justifies considering getting some in case it catches on, and then once you get some just continue to buy it... . there is no reason to believe that it has stopped in its overall trajectory to go up, even if there are likely going to continue to be various corrections (and volatility) along the way.

me it is not a best decision because nobody knows the rising point of Bitcoin there is every possibility that when you invest there the price of bitcoin can drop, the price of bitcoin can change at any time, so make you no think that bitcoin price can change or can remain like that, what they did is just to try their luck and it favour them, so looking at it very well you notice that bitcoin price may rise above 70k or fall below 50k, say I said that is because the price is unpredictable

FTX and LUNA are the most evil shitcoins, just imagine how many victims have been fooled by the fake liquidity of these two coins, while Bitcoin has never even deceived a single person. 

It is reported that CZ, the founder of Binance, has been detained by the police, this has made quite a significant correction to the BNB token, if BNB does not have large liquidity then this token will definitely follow in the footsteps of FTX and LUNA, so for the sake of your peace of mind at night, just invest your money in bitcoin, use the DCA method and don't trade futures.

That's why one shouldn't panick when there's any dip in market , instead one should focus on accummulating more Bitcoin quantities in their portfolio. because panicking will only lead to one making decisions that may endup affecting them negatively, like selling their Bitcoin in losses or when it haven't yielding any good profit yet.


That's why is not encouraging to hold any shitcoins, because most shitcoins are just pump and dump scheme, with no other purposes. And most shitcoins always endup with dip without having any hope of bouncing back. Not only that though even those who are using leverages, I came across a post on X formally known as Twitter, how an individual $1m got liquidated during the dip before this year
Halving and he made a statement that he may not survive this . So is better to accumulate yah Bitcoin without using leverages to be in a safer side so that you won't endup getting yourself liquidated, rather take your time and accumulate using any accumulation strategy.